Narrow search
Showing 1 - 10 of 89
Cover Image
Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding
Aizenman, Joshua - 2006
modern version of monetary mercantilism -- hoarding international reserves in order to improve competitiveness. From a long …-run perspective, manufacturing exporters in East Asia adopted financial mercantilism -- subsidizing the cost of capital -- during … disentangle the monetary mercantilism from precautionary response to the heritage of past financial mercantilism. Monetary …
Persistent link: https://www.econbiz.de/10012465942
Cover Image
Chinese Outwards Mercantilism – the Art and Practice of Bundling
Aizenman, Joshua - 2015
Chinese outward-mercantilism, which aims at securing a higher rate of returns on its net foreign asset position, leveraging …
Persistent link: https://www.econbiz.de/10012457577
Cover Image
The Rybczynski Theorem, Factor-Price Equalization, and Immigration : Evidence from U.S. States
Hanson, Gordon H. - 1999
Recent literature on the labor-market effects of U.S. immigration tends to find little correlation between regional immigrant inflows and changes in relative regional wages. In this paper we examine whether immigration, or endowment shocks more generally, altered U.S. regional output mixes as...
Persistent link: https://www.econbiz.de/10012471722
Cover Image
Who Can Tell Which Banks Will Fail?
Blickle, Kristian; Brunnermeier, Markus Konrad; Luck, … - National Bureau of Economic Research - 2022
We use the German Crisis of 1931, a key event of the Great Depression, to study how depositors behave during a bank run in the absence of deposit insurance. We find that deposits decline by around 20% during the run and that there is an equal outflow of retail and non-financial wholesale...
Persistent link: https://www.econbiz.de/10012938722
Cover Image
Stopping Hyperinflation : Lessons from the German Inflation Experience of the 1920s
Dornbusch, Rudiger - 1985
The special role of money in the hyper inflation process, and particularly in the stabilization phase, has now been reconsidered in a bestselling essay by Sargent. The message is that credible fiscal stabilizationis the sine qua non of stopping inflation. This is definitely not viewed as being...
Persistent link: https://www.econbiz.de/10012477405
Cover Image
Further Evidence On Expectations And The Demand for Money During the German Hyperinflation
Frenkel, Jacob A. - 1978
. Economists have been attracted to study this episode since it provides an environment that is close to a controlled experiment …
Persistent link: https://www.econbiz.de/10012478861
Cover Image
World War I and the Restructuring of International Business
Fertik, Ted - 2020
This paper considers the effect of the First World War on large-scale businesses in Second-Industrial-Revolution industries like steel, electricity, and chemicals. For firms in the nations of the Entente, we argue, the war mainly interrupted long-term trends that resumed in the aftermath of the...
Persistent link: https://www.econbiz.de/10012482443
Cover Image
How Occupied France Financed Its Own Exploitation in World War II
Occhino, Filippo - 2006
The occupation payments made by France to Nazi Germany between 1940 and 1944 represent one of the largest recorded international transfers and contributed significantly to financing the overall German war effort. Using a neoclassical growth model that incorporates essential features of the...
Persistent link: https://www.econbiz.de/10012466518
Cover Image
Exchange Rates and Casualties During the First World War
Hall, George J. - 2002
I estimate two factor models of Swiss exchange rates during the FirstWorldWar. I have data for five of the primary belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war, these nations suspended convertibility of their currencies into gold with the promise...
Persistent link: https://www.econbiz.de/10012469448
Cover Image
Constitution or Conflict?
Grossman, Herschel I. - 2002
A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving disputes among the constituent groups of the polity. This paper is concerned with discovering the conditions under which it is possible to design such a self-enforcing...
Persistent link: https://www.econbiz.de/10012469982